Heavy Inflation Numbers Combined with Tax Increase Spell Disaster in 2011

Ben Bernanke may be clueless and is planning his inflation campaign after the November 2nd election but some people are actually paying attention. Here are some commodity numbers that should wake your ass up. These numbers are the volatility over the last 52 weeks of the following commodities as of 10-25-2010.
For Bernanke’s (and Krugman’s) rationalization of creating inflation go here and here. Look at the rational and justification gymnastics used. Pray tell what happens when the Federal Reserve is forced to defend the dollar? I am just a simple peasant with limited intelligence but it looks like a fancy way to justify printing money to me. Am I being obtuse?
Seniors clinging to their Social Security benefits and 0% COLA, savers, and workers will be killed. Debtors, capital owners (business, stocks, property) and the government will be the winners. And the biggest winner of them all will be the biggest creditors of them all. The federal government, which conveniently gets increased revenue from capital gains which are not indexed for inflation, devalued benefit payments to seniors (Bush told seniors to reform Social Security in 2004 oh well) as well as all other federal programs with fixed payment schedules. How convenient. Wall Street bankers get 2008 dollars they have invested elsewhere and now we get the inflation and a devalued dollar. So let the numbers begin and may the tears start flowing.

Corn prices up 70.6%

Gold up 31.5%
Silver up 66.1%
Platinum up 2.2%
Copper up 34.3%
Corn up 70.6%
Soybeans up 37.1%
Wheat up 72.0%
Lean Hogs up 24.4%
Pork Bellies up 8.5%
Live Cattle up 16.9%
Feeder Cattle up 13.6%
Cocoa up 23.6%
Coffee up 49.3%
Cotton up 46.7%
Are we seeing a trend yet?
Sugar up 85.2%
Oil up 27.2%
Heating Oil up 24.2%
Natural Gas up 96.8% (What do the insiders know about natural gas availability we don’t)
Unleaded Gas up 9.0%
And what is the average of all these essentials? Just a whooping 38.9%. Yes and the Deparment of Labor keeps feeding the press that 0.1% inflation inflation rate bogus number and the press obediently keeps you folks in the dark. What was that M-3 number the Federal Reserve quit reporting in 2006? What a proxy for the real inflation rate? No! You jest!
Did any of the politicians tell you about inflation when they passed TARP? Did any of the politicians talk about inflation when they passed the “stimulus?” All that spending to “save” the economy. The only ones telling you the truth have been the few economist (not you Mr. Krugman) who actually understand economics. The VERY few. Gee I wonder who that would be?
We are in for some serious crap after the election. With the tax hike in 2011 combined with inflation the economy is looking at negative growth, stagnation and inflation. If any politicians are reading this in Washington DC can we get rid of the Keynesian economist and hire a few real economist?

Wheat up 72.0%

Most of these politicians don’t understand all this but they should have some people around them telling them the strait story. We don’t need no “fair trade” debates right now. Any trade we can get in the coming years will be a blessing fair or not. We don’t need fancy budget crunchers, inflation will make budget planning next to impossible. We need some MF’s who understand the problem with America is social entitlements that consume 44.7% of our federal budget. We need some people with vision that will not be afraid to go down with the ship. We need politicians to acknowledge America has been a socialist nation for decades and all socialist societies go bankrupt sooner or later. Now is latter.
Admit the problem was Social Security, Medicare, prescription drugs and all the other programs combined with Obamacare and eliminate the problem in a humane way. Socialism doesn’t work. Politicians need to understand this principal and quit denying America is not a socialist nation with huge socialist bankruptcy problem. Until politicians admit the problem is federal entitlement programs there is no hope for a resolution.
We get the government we vote for. Our day of reckoning is just beginning. These financial melt downs can last decades.